Saturday, November 21, 2020


Employability of the growing country is an important factor for economic development. Prime Minister Narendra Modi launched ambitious projects that aim to train over 40 crore people in India in different skills by 2022. The coming decade will be crucial for India and only if India grows at the rate of 8-9 per cent per annum, India's per capita GDP will grow from the current level of $1,800 to $8,000-$10,000 by 2025. Only then, India will graduate from being a low income country to a middle income country and achieving, maintaining and sustaining that high level of growth, the country need many things. India will have a surplus manpower of 4 to 5 crore over the next decade. Indian Government has emphasized the need to provide this youthful manpower with skills and ability to tackle global challenges, the demographic dividend would otherwise become a challenge in itself. Skill building can be viewed as a device to improve the efficacy and contribution of labour to overall production. It is an important ingredient to push the production possibility front line outward and to take the growth rate of the economy to a higher route.